4min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

RWH025: Patient Capital W/ Samantha McLemore

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Unusual Role of Volatility in Value Investing

I think that willingness to look for asymmetric bets with tremendous upside was always something that freaked out the rest of the value investing community, right? Because someone like Buffett really obviously loves certainty and avoiding risk. Like Munga is prepared to take more risk probably and bet on things like Alibaba. And then you have Bill, who I remember when he was being attacked about Amazon back in 2001 when I was probably first interviewing him about it. He said, but if I'm right, and I think I probably am, but I may not be, if I'mright, I'm going to make 50 times my money. That seems to be a consistent stream through a lot of your investments

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